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Vest-el A/S

Public limited companyCVR 34876894Hvide SandeActive

Vest-el A/S is a public limited company, based in Hvide Sande, active in electrical installation, founded in 2012. Net profit fell 42% from 2024 to 2025, ending at DKK 8.1m. With 79 employees, the company is about 13 times larger than the industry median. Equity grew to DKK 31.3m in 2025.

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Key figures · financial year 2025

Gross profitDKK 42.5m−6.3% vs. 2024
Net profitDKK 8.1m−41.7% vs. 2024
EquityDKK 31.3m+31.8% vs. 2024
Employees79latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 6% (2024 → 2025), to DKK 42.5m.
  • Net profit fell 42% (2024 → 2025), to DKK 8.1m.
  • Equity rose 32% (2024 → 2025), to DKK 31.3m.

Employees

  • 16 more employees than a year earlier: 79 (07/2026) against 63 (07/2025).

Management and owners, last 24 months

  • New in management: Torben Jessen (board member, 30/04/2025).
  • Stepped down: Kasper Obel Stie Byskov (board member, 30/04/2025).

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
EquityNet profit
Financial figures for Vest-el A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit33,47136,24137,16435,67345,37942,512−6.3%
Operating profit (EBIT)5,9936,8547,6626,14617,49710,255−41.4%
Profit before tax5,9656,8107,5676,14417,55310,353−41%
Net profit4,5755,2895,7954,82713,8938,096−41.7%
Total assets30,40528,41924,97629,01538,51050,336+30.7%
Equity8,9039,1929,9869,68723,78431,336+31.8%
Liabilities20,86218,78214,47518,71812,65416,421+29.8%
Cash and cash equivalents3,6027,3985,1702,652293142−51.4%
Average number of employees494846454756+19.1%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (1,291 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Vest-el A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202403/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202303/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202129/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202010/05/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
02040608008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,291 companies in the database

Comparison with the other companies in electrical installation based on the latest financial year.

Gross profitDKK 42.5mNo. 69 of 1,290
Better than 95% of the companies in the industry
EquityDKK 31.3mNo. 34 of 1,291
Better than 97% of the companies in the industry
Number of employees79No. 83 of 1,291
Better than 94% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 321k, equity DKK 1.4m, 6 employees.

DKK 100kDKK 1.2mDKK 14.6mDKK 176mDKK 926.4mHere
Distribution of gross profit for 1,272 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 2,143of 4,412
Better than 51%
No. 1,697of 4,466
Better than 62%
Same industry and 50–199 employees90 companies in the comparison
No. 47of 89
Better than 48%
No. 12of 90
Better than 88%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 856of 33,588
Better than 97%
No. 1,693of 33,687
Better than 95%
All companies of type A/S18,025 companies in the comparison
No. 3,370of 17,786
Better than 81%
No. 4,798of 18,024
Better than 73%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Electrical installation
Gross profit
  1. Vest-el A/SDKK 42.5m
  2. Bravida Danmark A/SDKK 2.1bn
  3. Kemp & Lauritzen A/SDKK 2bn
Net profit
  1. Vest-el A/SDKK 8.1m
  2. Bravida Danmark A/SDKK 160.3m
  3. Kemp & Lauritzen A/SDKK 2.6m
Equity
  1. Vest-el A/SDKK 31.3m
  2. Bravida Danmark A/SDKK 629m
  3. Kemp & Lauritzen A/SDKK 588.4m
Employees
  1. Vest-el A/S79
  2. Bravida Danmark A/S3,163
  3. Kemp & Lauritzen A/S2,868

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
Vest-el A/S

Management

5 active registrations

Executive management

Executive management at Vest-el A/S
NameRoleAppointed
Kasper Obel Stie ByskovDirector14/03/2019
Steen Møller ChristensenDirector13/06/2024

Board of directors

Board of directors at Vest-el A/S
NameRoleAppointed
Peter FrandsenChair of the board13/06/2024
Jesper Lynge JensenBoard member13/06/2024
Torben JessenBoard member30/04/2025
Founders
Suniw Holding ApS, Jeff Holding ApS, Madro ApS, Svarrer Holding ApS, M&j Spørring ApS
Former management (14)
Former management at Vest-el A/S
NameRoleAppointedResigned
Niels Jørgen Kaalund WintherBoard member03/12/201210/12/2018
Niels Jørgen Kaalund WintherDirector03/12/201206/04/2017
Johnny Bent JensenChair of the board03/12/201230/06/2015
Mads RosendahlBoard member03/12/201206/04/2017
Mads RosendahlDirector03/12/201206/04/2017
Jesper Mølgaard SpørringBoard member03/12/201229/06/2015
Jacob Engsig Fjord-FrandsenBoard member03/12/201213/06/2024
Ole EnevoldsenBoard member30/06/201513/06/2024
Jesper Mølgaard SpørringChair of the board30/06/201513/06/2024
Ole EnevoldsenDirector06/04/201714/03/2019
Jacob Engsig Fjord-FrandsenDirector06/04/201713/06/2024
Steen Møller ChristensenBoard member06/04/201713/06/2024
Kasper Obel Stie ByskovBoard member15/03/201930/04/2025
Helmer Nicolaj GraversenBoard member09/02/202413/06/2024

Signing rule: Selskabet tegnes af én direktør i forening med bestyrelsesformanden, bestyrelsesformanden i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

2 active production units

Nordhavnskaj 2
6960 Hvide Sande

Ringkøbing-Skjern Municipality · Postcode 6960

Production units
Production unitAddressEmployeesP number
VEST-EL A/SNordhavnskaj 2, 6960 Hvide Sande641018101668
VEST-EL A/SNordsøkaj 36, 7680 Thyborøn101024749963

Purpose

Selskabets formål er at drive elinstallationsvirksomhed, handel og anden dermed i forbindelse stående virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

91 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20253 changesmanagement 2 · accounts 1
  • Torben Jessen appointed board member
  • Kasper Obel Stie Byskov stepped down as board member
  • Annual report for 2024 published
202418 changesmanagement 10 · ownership 7 · accounts 1
  • Steen Møller Christensen appointed director
  • Jesper Lynge Jensen appointed board member
  • Peter Frandsen appointed chair of the board
  • Helmer Nicolaj Graversen stepped down as board member
  • Jacob Engsig Fjord-Frandsen stepped down as director
  • Steen Møller Christensen stepped down as board member
  • Jesper Mølgaard Spørring stepped down as chair of the board
  • Ole Enevoldsen stepped down as board member
  • Jacob Engsig Fjord-Frandsen stepped down as board member
  • InstallatørGruppen Danmark ApS registered as owner (100%)
  • HTSS Holding ApS is no longer registered as owner
  • FAHL HOLDING, HVIDE SANDE ApS is no longer registered as owner
  • M&J SPØRRING ApS is no longer registered as owner
  • JEFF HOLDING ApS is no longer registered as owner
  • TSR HOLDING ApS is no longer registered as owner
  • Steen C. Holding ApS is no longer registered as owner
  • Annual report for 2023 published
  • Helmer Nicolaj Graversen appointed board member
20234 changesownership 3 · accounts 1
  • HTSS Holding ApS registered as owner (10%)
  • FAHL HOLDING, HVIDE SANDE ApS registered as owner (10%)
  • FAHL HOLDING, HVIDE SANDE ApS is no longer registered as owner
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
201914 changesmanagement 3 · capital 1 · ownership 9 · merger 1
  • Kasper Obel Stie Byskov appointed board member
  • Kasper Obel Stie Byskov appointed director
  • Ole Enevoldsen stepped down as director
  • Share capital changed from 500,000 DKK to 718,681 DKK
  • M&J SPØRRING ApS registered as owner (20%)
  • JEFF HOLDING ApS registered as owner (20%)
  • TSR HOLDING ApS registered as owner (20%)
  • Steen C. Holding ApS registered as owner (20%)
  • FAHL HOLDING, HVIDE SANDE ApS registered as owner (20%)
  • Merger registered in CVR
  • JEFF HOLDING ApS is no longer registered as owner
  • M&J SPØRRING ApS is no longer registered as owner
  • FAHL HOLDING, HVIDE SANDE ApS is no longer registered as owner
  • Steen C. Holding ApS is no longer registered as owner
201812 changesownership 10 · name 1 · management 1
  • JEFF HOLDING ApS registered as owner (25%)
  • M&J SPØRRING ApS registered as owner (25%)
  • FAHL HOLDING, HVIDE SANDE ApS registered as owner (25%)
  • Steen C. Holding ApS registered as owner (25%)
  • SUNIW HOLDING ApS is no longer registered as owner
  • Steen C. Holding ApS is no longer registered as owner
  • JEFF HOLDING ApS is no longer registered as owner
  • M&J SPØRRING ApS is no longer registered as owner
  • FAHL HOLDING, HVIDE SANDE ApS is no longer registered as owner
  • Name changed from VEST-EL HVIDE SANDE A/S to VEST-EL A/S
  • Niels Jørgen Kaalund Winther stepped down as board member
  • MADRO ApS is no longer registered as owner
20179 changesownership 3 · management 6
  • MADRO ApS registered as owner (10%)
  • Steen C. Holding ApS registered as owner (20%)
  • MADRO ApS is no longer registered as owner
  • Ole Enevoldsen appointed director
  • Jacob Engsig Fjord-Frandsen appointed director
  • Steen Møller Christensen appointed board member
  • Mads Rosendahl stepped down as director
  • Mads Rosendahl stepped down as board member
  • Niels Jørgen Kaalund Winther stepped down as director
201514 changesmanagement 4 · ownership 10
  • Jesper Mølgaard Spørring appointed chair of the board
  • Ole Enevoldsen appointed board member
  • Johnny Bent Jensen stepped down as chair of the board
  • JEFF HOLDING ApS registered as owner (20%)
  • M&J SPØRRING ApS registered as owner (20%)
  • MADRO ApS registered as owner (20%)
  • SUNIW HOLDING ApS registered as owner (10%)
  • FAHL HOLDING, HVIDE SANDE ApS registered as owner (20%)
  • Jesper Mølgaard Spørring stepped down as board member
  • MADRO ApS is no longer registered as owner
  • JEFF HOLDING ApS is no longer registered as owner
  • M&J SPØRRING ApS is no longer registered as owner
  • SVARRER HOLDING ApS is no longer registered as owner
  • SUNIW HOLDING ApS is no longer registered as owner
20131 changeindustry 1
  • Industry changed to Electrical installation (432100)
201213 changesfounded 1 · management 7 · ownership 5
  • Registered as VEST-EL HVIDE SANDE A/S
  • Jacob Engsig Fjord-Frandsen appointed board member
  • Jesper Mølgaard Spørring appointed board member
  • Mads Rosendahl appointed director
  • Mads Rosendahl appointed board member
  • Johnny Bent Jensen appointed chair of the board
  • Niels Jørgen Kaalund Winther appointed board member
  • Niels Jørgen Kaalund Winther appointed director
  • MADRO ApS registered as owner (20%)
  • JEFF HOLDING ApS registered as owner (10%)
  • M&J SPØRRING ApS registered as owner (20%)
  • SVARRER HOLDING ApS registered as owner (20%)
  • SUNIW HOLDING ApS registered as owner (25%)

Related companies

Same industry in Ringkøbing-Skjern

See all →

Same people in management

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction